TAX HAVENS DEFINING Tax Havens • Def 1:A tax haven is a country or territory where certain taxes are levied at a low rate or not at all. • Def 2: Tax haven or fiscal paradise are terms used to refer to a jurisdiction which enables its foreign residents or companies to reduce their tax liabilities from their homelands. • Def 3: "What ... identifies an area as a tax haven is the existence of a composite tax structure established deliberately to take advantage of‚ and exploit‚ a worldwide
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EXEMPTIONS/AMENDMENTS IN/WITHDRAWAL OF EXISTING EXEMPTIONS Rate of service tax restored to 12% As per section 66‚ the charging section under earlier regime‚ rate of service tax was 12% of the value of taxable services. However‚ the rate of service tax was reduced to 10% vide Notification No. 8/2009 ST dated 24.02.2009. With effect from 01.04.2012‚ Notification No. 02/2012-ST dated 17.03.2012 rescinded the said notification and the rate of service tax was restored to 12% for the period between 01.04.2012 to 30.06
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As a young professional in a competitive job market‚ I have taken the initiative to pursue a graduate level degree in healthcare administration. Upon completion of this program‚ along with my significant work experience in my specialized field‚ I plan on setting myself apart from the rest of the workforce. I will have the personality and the resume that stands out among any other of the applicants’. As I start to advance through the master’s program‚ I am preparing for the challenges that lie ahead
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As the end of the year 2012 approached‚ the passing of the Sin Tax Bill grew into being the “talk of the town” – or perhaps‚ of the entire country. On the 20th of December of the same year‚ President Noynoy Aquino finally signed Republic Act No. 10351‚ better known as the Sin Tax Reform Act of 2012 which was implemented on January of the year 2013.The sin tax law is expected to raise 30 billion pesos ($750 million) which will be used for the health care services for over 5 million poor families just
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information of federal income tax. It helps to identify the different terms that are associated with income tax. It will point out how calculations are formed to paying taxes or getting a refund. This essay distinguishes the importance of your income and knowing what taxes you will be paying. Federal income taxes can be complicated and hard to file. But‚ knowing how it works can help save money‚ understand how it’s calculated‚ and what is determined in taxation. Income tax includes your income‚ deductions
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Tax is of two types Direct Tax and Indirect Tax. Direct Tax is the tax‚ which is paid directly by people to the government‚ while indirect tax is the tax‚ which is paid indirectly by people to the government. Income Tax is paid directly to the government therefore it is a direct tax while excise duty is paid by people to the manufacturer who pays it to the government‚ therefore it is an indirect tax. The Constitution of India (COI) has given power to levy tax to central and state government
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Morgan Gillespie Professor Carr English Composition 1 November 25‚ 2012 What are Poll Taxes? A poll tax is a tax that costs the same for everyone no matter what their income or property is. In the United States‚ a poll tax is used to refer to a sum of money that people were required to pay in order to vote. Poll taxes were levied by the governments of John of Gaunt in the fourteenth century‚ Charles II in the seventeenth and Margaret Thatcher in the twentieth century. Most couldn’t afford
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MEMORANDUM To: S. Partner‚ C.P.A. From: Nicole J. Badalamenti‚ J. Accountant Date: August 27‚ 2012 Subject: Mr. B. Potato I FACTS Mr. B. Potato‚ a wealthy real estate investor‚ recently purchased a house on a parcel of land for $400‚000. The house was appraised at a value of $300‚000 and the land had an appraised value of $100‚000. Mr. Potato plans to tear down the house and replace it with a new house worth $1‚500‚000 with the intentions of living in
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Office Administration Project Learning Objectives At the end of this project students will be able to: 1. Prepare an application for a job 2. Complete application forms for employment 3. Prepare various types of follow-up letters‚ letters of acceptance/non-acceptance Mark Scheme Task Description Mark Allocated 1 Dream Job A. Reason for interest in the particular job chosen B. Qualifications necessary for the job chosen 10
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Groups of people working together toward a common goal with satisfaction and a willingness to continue to contribute are known as a team. The team is effective because the people are viable and productive. It’s a pity that you don’t believe in team work. Be it work‚ play‚ or entertainment‚ togetherness is what makes it enjoyable‚ easy‚ and fun. Team work has become an essential element of any activity. Perhaps the most obvious reason for using teams is because it enables you to do so much
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